Govt mulling policy on PSU land acquisition

By reader on February 24, 2016Comments Off on Govt mulling policy on PSU land acquisition

Jammu: The government is formulating a policy to do away with arbitrary acquisition of land belonging to Corporations and Public Sector Undertakings (PSUs). The land is generally provided to entrepreneurs on payment of premium or requisitioned by the government to raise infra-structure. However, in most of the cases, the corporations or PSUs are not fully compensated leading to their continuous downfall.
On Tuesday, the General Administration Department (GAD) issued circular No 16 asking all the Administrative Secretaries to furnish their comments and necessary details of the Iand/properties in possession of the State-owned Corporations or PSUs under their control so as to draw up a well-considered policy for acquiring of land/properties for Government projects or land to be provided to the entrepreneurs.
“The Industries and Commerce Department shall be the Nodal Department for framing a policy based on the details and comments received from the concerned Departments”, the circular reads.
The circular has come in the backdrop of the lack of firm policy on the acquisition of PSU land. “It has been felt that certain basic policy decisions are required with regard to future utilization of all lands available with PSUs, like; J&K Industries, SICOP, SIDCO, etc. A definite framework has to be in place to assess the feasibility, cost of the land and other critical components so that the adhocism seen in the procurement of PSU lands is done away with”, the circular reads.
Even as the state government has established Bureau of Public Enterprises (BPE) to look into the matters pertaining to PSUs and Corporations but, sources said, the Bureau has been ineffective due to some inherent lacunae in its structure. Most of the administrative secretaries and top bureaucrats have not been forthcoming to implement the Bureau’s policies on rejuvenating the PSUs.
Interestingly, the incumbent convenor of the BPE Khurshid Ganai is the Advisor of state Governor NN Vohra.

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